CYH 8-K

Community Health Systems Inc (CYH)

8-K 2026-04-21 For: 2026-04-21

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Added on April 21, 2026

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Delaware	001-15925	13-3893191
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4000 Meridian Boulevard
Franklin, Tennessee		37067
(Address of Principal Executive Offices)		(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $.01 par value	CYH	New York Stock Exchange


Exhibit Number		Description

99.1		Community Health Systems, Inc. Press Release, dated April 21, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).


			COMMUNITY HEALTH SYSTEMS, INC.

Date:	April 21, 2026	By:	/s/ Kevin J. Hammons
			Kevin J. Hammons Director and Chief Executive Officer (principal executive officer)


Investor Contact:	Kevin Hammons
	Director and
	Chief Executive Officer
	(615) 465-7000

CYH 8-K

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

Item 9.01 Financial Statements and Exhibits.




		By:	/s/ Jason K. Johnson
			Jason K. Johnson Executive Vice President and Chief Financial Officer (principal financial officer)




		By:	/s/ Phillip A. Posey
			Phillip A. Posey Senior Vice President and Chief Accounting Officer (principal accounting officer)


	Three Months Ended
	March 31,
	2026			2025

Net operating revenues	$	2,965		$	3,159
Net (loss) income (f)		(25	)		25
Net loss attributable to Community Health Systems, Inc. stockholders		(58	)		(13	)
Adjusted EBITDA (c)		309			376
Net cash (used in) provided by operating activities		(297	)		120

Loss per share attributable to Community Health Systems, Inc. stockholders:
Basic (f)	$	(0.43	)	$	(0.10	)
Diluted (e), (f)		(0.43	)		(0.10	)

Weighted-average number of shares outstanding (d):
Basic		134			133
Diluted		134			133


	Three Months Ended March 31,
	2026							2025
				% of Net							% of Net
				Operating							Operating
	Amount			Revenues				Amount			Revenues
Net operating revenues	$	2,965			100.0		%	$	3,159			100.0		%
Operating expenses:
Salaries and benefits		1,322			44.6		%		1,372			43.4		%
Supplies		441			14.9		%		489			15.5		%
Other operating expenses		828			27.9		%		865			27.4		%
Lease cost and rent		69			2.3		%		68			2.2		%
Depreciation and amortization		114			3.8		%		105			3.3		%
Impairment and (gain) loss on sale of businesses, net (f)		(90	)		(3.0	)	%		(24	)		(0.8	)	%
Total operating expenses		2,684			90.5		%		2,875			91.0		%
Income from operations (f)		281			9.5		%		284			9.0		%
Interest expense, net		213			7.1		%		219			7.0		%
Loss from early extinguishment of debt		8			0.3		%		-			-		%
Equity in earnings of unconsolidated affiliates		(4	)		(0.1	)	%		(2	)		(0.1	)	%
Income before income taxes		64			2.2		%		67			2.1		%
Provision for income taxes		89			3.0		%		42			1.3		%
Net (loss) income (f)		(25	)		(0.8	)	%		25			0.8		%
Less: Net income attributable to noncontrolling interests		33			1.2		%		38			1.2		%
Net loss attributable to Community Health Systems, Inc. stockholders	$	(58	)		(2.0	)	%	$	(13	)		(0.4	)	%
Loss per share attributable to Community Health Systems, Inc. stockholders:
Basic (f)	$	(0.43	)					$	(0.10	)
Diluted (e), (f)	$	(0.43	)					$	(0.10	)
Weighted-average number of shares outstanding (d):
Basic		134							133
Diluted		134							133



COMMUNITY HEALTH SYSTEMS, INC. AND SUBSIDIARIES
Selected Operating Data (a)
(Dollars in millions)
(Unaudited)

	Three Months Ended March 31,
	Consolidated									Same-Store
	2026			2025			% Change			2026			2025			% Change
Number of hospitals (at end of period)		65			73						65			65
Licensed beds (at end of period)		9,530			10,788						9,530			9,469
Beds in service (at end of period)		8,225			9,285						8,225			8,164
Admissions		94,522			105,937			-10.8	%		92,249			93,495			-1.3	%
Adjusted admissions		206,496			230,780			-10.5	%		201,499			202,556			-0.5	%
Patient days		409,776			468,365						399,330			414,389
Average length of stay (days)		4.3			4.4						4.3			4.4
Occupancy rate (average beds in service)		55.4	%		56.0	%					53.9	%		56.4	%
Net operating revenues	$	2,965		$	3,159			-6.1	%	$	2,887		$	2,799			3.1	%
Net inpatient revenues as a % of net operating revenues		49.5	%		49.3	%					49.5	%		49.6	%
Net outpatient revenues as a % of net operating revenues		50.5	%		50.7	%					50.5	%		50.4	%
Income from operations (f)	$	281		$	284			-1.1	%
Income from operations as a % of net operating revenues		9.5	%		9.0	%
Depreciation and amortization	$	114		$	105
Net loss attributable to Community Health Systems, Inc. stockholders	$	(58	)	$	(13	)		-346.2	%
Net loss attributable to Community Health Systems, Inc. stockholders as a % of net operating revenues		-2.0	%		-0.4	%
Adjusted EBITDA (c)	$	309		$	376			-17.8	%
Adjusted EBITDA as a % of net operating revenues		10.4	%		11.9	%
Net cash (used in) provided by operating activities	$	(297	)	$	120			-347.5	%


	March 31, 2026			December 31, 2025
ASSETS
Current assets
Cash and cash equivalents	$	712		$	260
Patient accounts receivable		2,139			2,077
Supplies		275			322
Prepaid income taxes		-			13
Prepaid expenses		226			181
Other current assets		421			381
Total current assets		3,773			3,234
Property and equipment		8,088			8,912
Less accumulated depreciation and amortization		(3,887	)		(4,409	)
Property and equipment, net		4,201			4,503
Goodwill		3,130			3,316
Deferred income taxes		29			50
Other assets, net		2,047			2,101
Total assets	$	13,180		$	13,204

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Current maturities of long-term debt	$	29		$	16
Current operating lease liabilities		97			110
Accounts payable		790			842
Income tax payable		53			-
Accrued liabilities:
Employee compensation		465			569
Accrued interest		178			238
Other		955			433
Total current liabilities		2,567			2,208
Long-term debt (g)		10,127			10,380
Deferred income taxes		25			25
Long-term operating lease liabilities		504			537
Other long-term liabilities		922			891
Total liabilities		14,145			14,041
Redeemable noncontrolling interests in equity of consolidated subsidiaries		260			322
STOCKHOLDERS’ DEFICIT
Community Health Systems, Inc. stockholders’ deficit:
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued		-			-
Common stock, $0.01 par value per share, 300,000,000 shares authorized; 140,916,712 shares issued and outstanding at March 31, 2026, and 138,626,917 shares issued and outstanding at December 31, 2025		1			1
Additional paid-in capital		2,183			2,185
Accumulated other comprehensive loss		(10	)		(9	)
Accumulated deficit		(3,628	)		(3,571	)
Total Community Health Systems, Inc. stockholders’ deficit		(1,454	)		(1,394	)
Noncontrolling interests in equity of consolidated subsidiaries		229			235
Total stockholders’ deficit		(1,225	)		(1,159	)
Total liabilities and stockholders’ deficit	$	13,180		$	13,204